To pave the way, the company called a Special General Meeting (SGM) on July 1 at its registered office in Battisputali, Kathmandu, to finalize its capital structure and determine a premium pricing strategy for its upcoming Initial Public Offering (IPO).
The Premium IPO Strategy
While a previous Annual General Meeting (AGM) on September 18 had already greenlit the IPO, the recent SGM focused on the technicalities of issuing shares at a premium price to both the general public and promoter shareholders.
- Public Offering: The company intends to float 20% of its total issued capital to the general public.
- Capital Boost: Bajeko Sekuwa currently holds a promoter paid-up capital of Rs 60 crore. The public issue will account for Rs 15 crore, pushing the total paid-up capital to Rs 75 crore against an authorized capital of Rs 1 billion.
- Next Steps: The Board of Directors has been authorized to finalize the premium share price and officially appoint an issue manager.
Financial Health and Market Rating
Before knocking on the stock market's door, Bajeko Sekuwa underwent a rigorous financial assessment. Care Rating Nepal assigned the company a 'CARE-NP BBB' Issuer Rating, indicating a moderately safe capacity to handle financial obligations—a highly positive signal for the traditionally volatile restaurant and hospitality sector.
The brand's financial trajectory backs up this confidence:
- Revenue Surge: Operating income skyrocketed by approximately 31% between FY 2078/79 and FY 2081/82.
- Current Earnings: By the end of FY 2081/82, operating income reached Rs 38.80 crore, driven by a growing domestic appetite for organized dining and a aggressive expansion of its outlets.
From Airport Stall to Global Brand
Bajeko Sekuwa's 49-year journey reads like a movie script. What started nearly five decades ago as a modest, open-air stall near the Sinamangal airport grounds has matured into a prestigious culinary empire.
Evolution at a Glance:
- Inception: Started as a small street-side shop near Kathmandu's airport.
- Incorporation: Formally registered as a private company on July 7, 2009.
- Public Transition: Converted into a public limited company on June 16, 2025, legally clearing its path to the stock exchange.
- Current Footprint: Spans 29 branches across Nepal and international locations, serving a massive menu of over 200 items centered around its signature traditional sekuwa.
Why This Matters for Nepali Investors
Nepal’s secondary market (NEPSE) has long been heavily dominated by hydropower, banking, financial institutions, and insurance companies.
The entry of an established "real sector" powerhouse like Bajeko Sekuwa is expected to diversify the market, giving everyday Nepali investors a unique opportunity to own a piece of a household commercial brand. Following the final nods from the SGM, the company will officially submit its application to the Securities Board of Nepal (SEBON) to kickstart the IPO process.
